Business & Markets
Cheniere Plans LNG Expansion Under Trump, CEO Says
U.S. liquefied natural gas exporter Cheniere Energy plans to aggressively pursue new regulatory permits to expand capacity now that U.S. President Donald Trump is in office, the company's CEO Jack Fusco said on Feb. 20.
U.S. Regulators Approve Venture Global's Plaquemines LNG Expansion, Boosting Exports
U.S. federal regulators on Wednesday gave Venture Global LNG permission to increase the export capacity of its Plaquemines, Louisiana, LNG plant.
Pipeline Operator Targa Expects Higher-Than-Estimated Profit on Rising Gas Volumes
Targa Resources forecast full-year adjusted core profit above analyst expectations on Thursday, benefiting from increased demand and higher transport volumes of natural gas and natural gas liquids through its pipelines.
Kazakh Oil Output Hits Record High Despite Russian Pipeline Damage
Kazakhstan has pumped record high oil volumes despite damage on its main export route via Russia, the Caspian Pipeline Consortium (CPC), industry sources said on Thursday.
Italy’s Intesa Sanpaolo Joins Banks Refusing Papua LNG Financing
Italy’s Intesa Sanpaolo and the Asian Development Bank have joined a growing list of financial institutions refusing to fund the $10 billion Papua LNG project, citing climate concerns and shifting investment priorities.
U.S. Natural Gas Prices Surge 7% to 25-Month High as Freeze Cuts Output
U.S. natural gas futures jumped about 7% to a 25-month high on Wednesday as extreme cold in some parts of the country boosted demand for the fuel for heating and cut output by freezing oil and gas wells.
Exxon Plans Large-Scale Gas Pipeline, LNG Project in Guyana
Exxon Mobil is expanding natural gas production in Guyana with a large-scale project, including new pipelines, LNG exports, and gas supply for power and petrochemical production.
Tokyo Gas Acquires 20% Stake in Philippines LNG Terminal
Tokyo Gas Co. Ltd. has acquired a 20% stake in FGEN LNG Corporation, the owner and operator of an offshore floating LNG terminal in Batangas City, Philippines.
Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
The Army Corps of Engineers has identified over 600 energy and other infrastructure projects identified as national emergency priorities, enabling them to be fast-tracked through the environmental review process, according to new data posted on its website.
Minnesota-Wisconsin Gas Pipeline Project Awaits Regulatory Decision
The Northern Lights 2025 Expansion Project is set to boost natural gas capacity across Minnesota and Wisconsin, with key pipeline extensions and upgrades planned for completion by November 2025.
Kinder Morgan Finalizes $640 Million Purchase of North Dakota Gas Gathering System
Kinder Morgan Inc. announced the completion of its $640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC.
EPA Grants West Virginia Authority to Oversee Carbon Capture, Fourth State to Gain Approval
The U.S. EPA has granted West Virginia the authority to oversee carbon capture projects, making it the fourth state to receive this power. The decision aims to speed up approval processes for carbon sequestration initiatives as part of the country's broader environmental efforts.
Texas GulfLink Oil Export Project Receives U.S. Maritime Approval
Sentinel Midstream LLC, a Dallas-based crude oil midstream provider, announced that its Texas GulfLink deepwater crude oil export terminal has been approved for a deepwater port license by the U.S. Department of Transportation’s Maritime Administration.
Venture Global to Start LNG Sales in April at Calcasieu Pass After Years of Dispute
Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, resolving a years-long dispute with major buyers like Shell and BP.
North Dakota Sees Major Oil Production Drop Due to Frigid Temps
North Dakota's oil production has dropped by up to 150,000 bpd due to extreme cold, with wellhead natural gas output also affected. Warmer weather is expected to bring relief soon.
Oman Signs 10-Year LNG Supply Deal with Switzerland’s Mercuria
Oman LNG has entered into a ten-year liquefied natural gas (LNG) supply agreement with Mercuria Energy Group, a Swiss-based energy and commodities trading firm.
Spain's Enagas Plans $4.18 Billion Investment in Hydrogen Infrastructure
With Spanish gas demand falling, Enagas has sold assets, reduced dividends and cut debt to fund plans to diversify into managing a network of hydrogen infrastructure. It is also targeting ammonia and CO2 capture.
Australia's Woodside in Talks with Multiple Buyers for Louisiana LNG Stake, Sources Say
Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.
Diamondback Energy Expands in Permian with $4.08 Billion Double Eagle Deal
Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U.S. Permian Basin.
Venture Global to Start Commercial Operations at Calcasieu LNG Plant
Venture Global announced that it has notified its long-term customers that its Calcasieu Pass LNG facility will commence commercial operations on April 15, 2025. The facility will achieve its commercial operation date, or COD, in under 68 months from its August 2019 final investment decision.
Kurdistan Region to Resume Oil Exports Next Week, says Iraqi Minister
Oil exports from the semi-autonomous Kurdistan region will resume next week, Iraq's oil minister said on Monday, resolving a near two-year dispute as ties between Baghdad and Erbil improve, potentially adding more supply to the oil market and weighing on prices.
Petrobras Unit Launches Tender for Eight Gas Tankers, 13 More to Come by end-2026
Transpetro, a unit of Brazil's state-run oil company Petrobras, has launched an international tender to contract eight gas tankers and expects to launch 13 others by the end of next year, Chief Executive Sergio Bacci said at an event on Monday.
Exxon to Increase Gas Production, Transport from Hammerhead Project, Offshore Guyana
A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday.
Trump Greenlights LNG Exports, Creates Energy Council to Boost U.S. Oil and Gas Flows
U.S. President Donald Trump's administration on Friday granted a key export license to the Commonwealth LNG project in Louisiana, the first such approval after former President Joe Biden paused them early last year. Trump also signed an executive order creating an energy council to ramp up U.S. output of oil and gas.
Drone Strike Hits Russian Pipeline Pumping Station, Slowing Chevron, Exxon Exports
A drone strike has hit a pumping station on an oil pipeline in Russia, reducing flows from Kazakhstan to world markets pumped by Western firms including Chevron and Exxon Mobil, its operator said on Monday.
TotalEnergies, ENI Sign Agreement to Export Cyprus Block 6 Gas Through Egypt
TotalEnergies and ENI, partners in Cyprus offshore Block 6 (TotalEnergies 50%, ENI 50% operator), have signed a Host Government Agreement (HGA) with Egypt and the Republic of Cyprus related to the development of Block 6 gas resources.
Tallgrass, Bridger Announce Open Season for Pony Express Pipeline
Tallgrass Pony Express Pipeline, LLC. (Pony Express) together with Bridger Pipeline, LLC (Bridger), have announced a new binding joint tariff open season for incentive tariff rates, utilizing existing Pony Express capacity, for shipper commitments for crude oil transportation from Bridger's Guernsey Hub.
Russia Likely to Struggle in Reaching LNG Targets, Say Experts
Exports of Russia's liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday.
How LNG Will Fuel Global Energy Evolution at Scale
LNG is a key enabler of the global transition to a decarbonized energy system. It will play a pivotal role as companies move from coal and oil to cleaner energy sources.
U.S. Natural Gas Climbs to Three-Week High on Rising LNG Flows, Colder Temps
U.S. natural gas futures climbed about 3% to a three-week high on Friday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for colder weather lifting expected heating demand next week.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
